First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Sees Significant Decrease in Short Interest

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 6,800 shares, a decline of 22.7% from the September 30th total of 8,800 shares. Based on an average daily trading volume, of 20,300 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FYX. International Assets Investment Management LLC acquired a new stake in First Trust Small Cap Core AlphaDEX Fund during the second quarter valued at approximately $39,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in First Trust Small Cap Core AlphaDEX Fund in the second quarter worth about $106,000. GAMMA Investing LLC increased its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 263.0% during the second quarter. GAMMA Investing LLC now owns 1,405 shares of the company's stock valued at $127,000 after acquiring an additional 1,018 shares during the period. Kings Path Partners LLC bought a new stake in shares of First Trust Small Cap Core AlphaDEX Fund in the 2nd quarter worth $147,000. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of First Trust Small Cap Core AlphaDEX Fund in the 3rd quarter worth approximately $206,000.

First Trust Small Cap Core AlphaDEX Fund Stock Performance

NASDAQ FYX traded up $1.62 during trading hours on Monday, reaching $99.96. The company's stock had a trading volume of 9,665 shares, compared to its average volume of 24,847. The stock has a market cap of $919.61 million, a PE ratio of 11.51 and a beta of 1.27. The company's 50-day moving average is $97.93 and its two-hundred day moving average is $94.17. First Trust Small Cap Core AlphaDEX Fund has a fifty-two week low of $74.74 and a fifty-two week high of $101.99.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.516 dividend. This is a positive change from First Trust Small Cap Core AlphaDEX Fund's previous quarterly dividend of $0.37. This represents a $2.06 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Thursday, September 26th.

About First Trust Small Cap Core AlphaDEX Fund

The First Trust Small Cap Core AlphaDEX Fund (FYX) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Small Cap Core index. The fund tracks an index of small-cap stocks selected based on quantitatively driven growth and value factors. FYX was launched on May 8, 2007 and is managed by First Trust.